By joining the Paris Auto Show, Vinfast of Vingroup (Vietnam) wants to send a message that their product is world-class and their goal is not just the domestic market.
Vingroup has just signed a contract to acquire intellectual property rights from BMW to produce the most important parts of the car and the two Vinfast models will be on display at the Paris Motor Show in October 2018. That’s clear message that warm other Car Manufacturers in the world & remind them about new launch of business branch into the market .
Why Vinfast has made a trademark for Vietnam?
On the day of Commencement ceremony of automobile factory in Hai Phong City, The Prime Minister of Vietnam – Mr Nguyen Xuan Phuc said that car production was not only a means of transport, but also a brand of a country.
“A country with more than 90 million people needs to own a car brand of that country,” – said the Prime Minister and suggested that investors actively take the investment plan, promote cooperation with partners to Promoting the effectiveness of the project.According to the Prime Minister, the construction of the car production complex is especially important, arouse the “dream” of cars of the Vietnamese for many years.
According to the investor, the VINFAST automobile production complex will be implemented in accordance with European and American standards, aiming to become the leading automobile manufacturer in Southeast Asia. Design capacity is expected to reach 500,000 units per year by 2025 and the main products are automobile engines, internal combustion engines, cars using electric motors and electric motorcycles.
As expected, the first phase, VINFAST will ship a 5-seat sedan model; A 7-seater SUV and electric motorcycles of European top quality standards, with a capacity of 100,000 to 200,000 units per year. The first VINFAST to launch in the next 12 months is the electric motorcycle and after 24 months the car
VINFAST affirmed that it will invest strongly in electric car segment to create breakthrough on Vietnam and global car map.
The production line will be the world’s leading technology to date to produce eco-friendly electric vehicles in line with the latest developments and trends in the cellular industry of the world.
Vinfast has also quickly produced electric bus for domestic use to remove oil buses which have been polluting the environment. Electric Bus Manufacturing is a hard work, very less countries can do that, but Vinfast dare to make. It’s increadible!
About Pham Nhat Vuong
Mr Pham Nhat Vuong – He’s Chairman of Vingroup (Biggest private economic group) in VietNam, Billionaire on Forbes with the revenue Billions $7. His name in Vietnamese means “wealth & glory like the sun of the early morning”. After get huge success on Real Estate market, and so many other fields in Vietnam, now he’s launched new project on Car/Automotive Industry. You might care to explore about this man
Vuong studied university in Moscow (Russia); after graduated from University, he moved to Ukraine where he started a noodle factory. In 1997, when the instant noodles factory in Ukraine started to make a profit, Pham Nhat Vuong once thought to be off work, spending the rest of time for travel when he got $ 2 million.
Mr. Vuong did not stop at $ 2 million, and he didn’t stop working to travel. He’s decided to invest into Vietnam in multiple fields, and real estate is the main. Unlike other billionaires, just be rich with numbers of dollar; Vuong wants to expose his wealth by building the most beautiful buildings for Vietnamese.
The job has driven him up to now, Vingroup is a corporation valued more than $ 15 billion, employing thousands of direct and indirect employees. Even with such a large corporation in hand, he still worked daily, regularly down to see the workers in construction field. Vuong is the pride of Vietnamese people and we believe “all things he touches, it would turn to gold”.